Leases

If you are a property owner you want to make sure that your significant investment is protected with a lease that covers all potential problems. If problems arise, you want knowledgeable, practicable advice leading to a swift resolution.

If you are leasing premises you want advice that the lease suits your circumstances and what all that fine print means.

Landlord or tenant, you need OFRM to assist you with your leases.

A Commercial Lease refers to the lease of commercial property such as:

office space

industrial sheds

workshops

warehouse

storage sheds

retail shops (whether they are within a shopping centre or not)

working yards

any other non-residential property

If the property is a retail premises, it is governed by the Retail Leases Act 2003 and particular requirements apply such as:

the requirement for additional disclosure

prohibition of some terms and conditions which may otherwise include in a non-retail commercial lease.

Given the consequences of failing to adhere to the requirements of the Retail Leases Act 2003 it is important that landlords seek advice on whether the premises they wish to lease out is a retail premises before beginning negotiations with prospective tenants. As a general rule of thumb any premises which your customers can attend is a retail premises.

With the exception of those terms and condition proscribed by the Retail Leases Act 2003 the remainder of the terms and conditions of any commercial lease are typically the subject of negotiation between landlord and tenant.

Typical terms and conditions cover:

the period of the lease and whether there are any options for renewal;

OFRM Lawyers

Local Bendigo lawyers with Accredited Specialists in Family Law and Wills & Estates. Located at 35 Queen Street Bendigo, OFRM is able to assist in the areas of law that matter to you, your business and your family: planning for the future with Wills and Estates, assisting you with change and growth in your life and business with business law and conveyancing, and supporting you when life changes direction with family law.